Tagged: retail budgeting

store budgeting

Are You Singing the Store Budgeting Blues?

Store budgeting is one of the biggest challenges of retail store managers. Regional retail chain managers don’t have it any easier. You have to plan your merchandise purchasing around buyer habits and seasonal predictions,...

The Secret To A KPI That Creates Incentive

Setting goals in your retail budget can be an excellent way to create incentives for your stores and employees. They do this by setting the bar a little bit higher but within reach of...

retail budgetig

What Could Go Wrong With Retail Budgeting?

The importance of retail budgeting is non-negotiable. Without a budget, you don’t know where your money is going and mistakes can be costly — as costly as losing your business. But long before things...

3 Ways Customer Experience Should Affect Retail Budgeting

Usually, a retail budgeting approach is concerned with sales objectives and KPI targets and things like that. These things are important. What many managers miss are the ways that customer experience affects budget planning....

Are You Planning To Fail At Retail Budgeting?

There is an old saying that goes, “if you fail to plan, you plan to fail.” This is similar to the idea that failing to set a target or goal guarantees that you will...

Get Everyone On Board With A Retail Budget That Works

A good retail budget is the blending of proposed goals and realistic expectations. It is based on facts, which could be discouraging. But good budgets for retailers include the setting of appropriate sales and...

Eleven Things That Could Go Wrong At POS

The Point of Sale (POS) is the pivotal moment when the shopper commits to a purchase by handing over the price. Various things can go wrong at this point — we have all seen...

Use CRM To Enhance Sporting Goods Retailing

One of the best things about today’s technology is the way that customer relationship management (CRM) data can be captured and utilized. For Sporting Goods retail managers, this means customer preferences can be analyzed...

Are You Ready For Retail In 2015?

There is a lot happening in retail right now because so much is happening in the wireless world. Mobile devices are changing the game for shoppers, putting them in control of when and where...

10 Features of Warehouse Management You Need Now

Warehouse management is one of the behind-the-scenes essentials in retailing. Without a properly managed warehouse, the entire supply chain suffers because the flow of operations gets bottlenecked at a point of dysfunction. If the...

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